A Level Year 13

A definition of a consultant is...

A possible disadvantage of test marketing is that:

Which of the following would be a good reason to start a business?

Which of these businesses pursues a strategy of cost leadership?

Which of these roles would most likely be rewarded by an element of commission?

Disadvantage of primary research of a startup

A new business can't be financed using retained profits. T or F?

The closing balance on a cash flow forecast is calculated as:

Cash flow forecasts often include an amount for unforeseen payments. This is commonly known as:

According to Herzberg, the absence of what at work will demotivate workers?

A group of people who meet to suggest and discuss potential business ideas is called...

How might automation help improve profit?

Advantage of employing staff on temporary contracts is..

Which is most likely to lower labour turnover?

The concept of franchising was first used in:

How long does a patent last?

A startup cannot begin trading until it has some external finance. T or F?

What is meant by limited liability?

Which of these is true of a business with an entrepreneurial culture?

Which of the following is not normally covered by a trademark protection?

Which of these actions would reduce the capacity of a motor manufacturer?

Which is most likely to increase the gross profit margin of a product?

Employees at the lowest level of a hierarchy are called:

What kind of tax does a sole trader pay on the profits earned by the business?

Which one would likely lower the net profit margin of a factory?

An advantage of employing permanent employees is...

Which of these stakeholders is most capable of changing a business culture?

A possible disadvantage of using cheaper raw materials is:

The least appropriate way of announcing change to employees would be:

Potential benefit of successfully targeting a niche market is that:

An example of an external change affecting a business would be:

The difference between cash inflows and cash outflows equal profit. T or F?

A possible risk of delayering is that it may:

Which of the following is a feature of a power culture?

A firm in a rapidly declining market is most likely to focus on:

The informal yet powerful communication network with a firm is known as:

What is subcontracting?

A key benefit of a product having patent protection is that the patent holder can:

Best way for a car manufacturer to reduce unit costs is to:

Why is sampling used for primary research?

The most efficient level of output is where:

In which type of culture are new ideas and procedures discouraged?

A cash flow forecast is mainly concerned with:

What is monopoly power?

Which would be least likely to help a startup address a short-term cash flow problem?

What should a manager never delegate?

A key reason why governments are keen to encourage startups is:

A market in which there is only one, or a dominant supplier is known as a:

Which of these is a way to increase quality?

Which of these is an example of test marketing?

What is a warranty?

Which of these actions would reduce the capacity of a motor manufacturer?

What is a share option?

Who takes key decisions in a centralized structure?

Which method of forecasting looks at the strength of a relationship between two variables?

Give an example of a franchise

Products of a business operating in a structure of "monopolistic competition" tend to be:

What is trade credit?

Quality systems based on continuous improvement are usually based on the philosophy of:

Which of these is likely to be an example of market development?

Job enrichment would be most likely to result in an improvement in...

The way information is communicated down the hierarchy is through the:

Which of these is most likely to help a a startup add value to its product?

What is a barrier to entry?

The process of flattening organisational hierarchies is known as:

A key aim of test marketing is to gather information about:

A strategy of differentiation is likely to involve each of the following except?

A permanent employee has to work full-time

Which of these might be a sign that a startup is likely to fail?

Turning inputs into outputs is called:

Process by which a business can compare its service level versus competitors is known as:

An example of an internal influence on marketing objectives would be:

A marketing-orientated business focuses on the needs and wants of:

What is a niche market segment?

The hierarchy of needs is associated with...

Motivating workers by delegating responsibility is known as:

A financial risk to the success of a startup would be:

Which is often associated with achieving market leadership?

A business policy of permanently reducing production capacity is known as:

Possible downside of a startup using cheaper inputs might be:

For an invention to be patented it has to be new?

It is usually true that a startup entrepreneur will

Which of these might gain worker support for change in shift patterns?

Which of these would be an example of PRP?

A startup is more likely to fail if:

In which market structure are all products assumed to be identical?

Which of these would make it hardest to set realistic marketing objectives?

Labour turnover is a measure of...

A hierarchical organisation is one that has:

Buying into a successful franchise is often a lower-risk method of starting a business. T or F?

Labour productivity can be measured by dividing the output for a period by...

A unionised workforce might help management implement change because:

Motivating workers by delegating responsibility is known as...

Paying an employee based on the number of units produced is called:

A key benefit of a product having patent protection is that the patent holder can:

Added value is calculated as the difference between

The "M" outside of McDonalds is an example of which type of protection?

Workers who are involved in change decisions are more likely to be

Cost of producing one unit of output is calculated by:

Leaders will not know how well they are managing change unless they receive:

What is the correct term for the assets needed as security on a bank loan?

Employees who have the most direct contact with customers are often referred to as:

Which method of protection lasts longer?

Which of these should allow a startup to achieve higher added value?

A group of firms that collude to agree prices and output in a market is called:

Market research alone cannot ensure the viability of a new business idea

Disadvantage of a business having significant spare capacity is that:

An employee who is answerable to a specific manager is known as a:

Each of these are common objectives of a startup except which one?

In manufacturing, what is the "scrap rate"?

Which is often a cost of poor quality?

An advantage of a tall hierarchy is that it provides:

A key reason why change is difficult to manage is because:

A likely effect of a signficiant increase in labour turnover is..

Which of these is likely to be the most expensive source of finance for a startup?

Which theorist believed that the only factor that motivates people to work is money?

To increase its added value a business might aim to:

Which of these was NOT a category of need identified by Maslow?

A logo cannot be registered and protected as a trademark. T or F?

Which of the following is NOT a way of demographic market segmentation?

A significant improvement in labour productivity is likely to reduce...

TQM systems emphasis the need for close links between all members of the:

A startup will always suffer a net cash outflow in the first few months. T or F?

Operating or net profit is calculated as:

Which management style is most appropriate for managing a relocation of a business?

What would be vital when implementing a new business-wide IT system?

A franchisee might expect to pay all these costs to the franchisor, except...

The following are all methods of flexible working except...

Common reason why a startup's actual sales are less than planned is:

What proportion of employees in the UK work part time?

Which of these is an example of a personal source of finance for a startup?

Which sector do most franchises operate in?

The main problem for an entrepreneur of setting up a sole trader is:

Which of these is the best definition of a niche market?